Facing Crisis, California Insurance Regulators Cap Largest Rules Change in 30 Years | KQED

The regulation will allow insurance companies in California to pass some reinsurance costs onto consumers, a change intended to address the challenges posed by increasingly frequent wildfires.

To access reinsurance funds, insurers in California must increase policies in wildfire-prone areas by 5% annually until reaching 85% of market share, ensuring coverage even in high-risk locations.

Read at Kqed